With another rate cut likely this year and two more expected in 2020, Huntington Bank CEO Steve Steiner said the bank is "hedging" in a "tough" environment.
For the third quarter, Huntington (Nasdaq: HBAN) reported new income of $372 million, down 2% from the third quarter of last year. Net interest income was down $5 million, or 1%, to $805 million. Revenue, however, grew 4% or $42 million to $1.194 billion, which the bank credited to Federal Reserve policy and interest rate cuts.
